Is Urban Outfitters declining?
Urban Outfitters URBN, -0.21% shares dropped more than 10% after hours, following a 3% rise to close the regular session at $37.27. The company reported third-quarter net income of $88.9 million, or 89 cents a share, compared with $76.7 million, or 78 cents a share, in the year-ago period.
Should you invest in Urban Outfitters?
The company currently carries a Zacks Rank #3 (Hold), which is also a favorable signal. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. So, if you are looking for a decent pick in a strong industry, consider Urban Outfitters.
Is Urban Outfitters doing well financially?
For the full year, Urban Outfitters' earnings were $310.6 million, or $3.13 a diluted share, up from net income of just $1.2 million a year ago and marking an increase of 85 percent over two years. Sales for 2021 were $4.5 billion, up 31.9 percent from 2020 and ahead 14.2 percent from 2019.
How much did Urban Outfitters make in 2020?
$3,984Compare URBN With Other StocksUrban Outfitters Annual Revenue (Millions of US $)2021$3,4502020$3,9842019$3,9512018$3,61610 more rows
Who owns Urban Outfitters and Anthropologie?
Richard HayneUrban Outfitters store in Lower Manhattan, New York CityTotal equityUS$1.4 billion (2019)OwnerRichard Hayne (19.9%)Number of employees24,000 (2019)SubsidiariesAnthropologie Free People Terrain BHLDN THE Vetri Family16 more rows
Is Urban Outfitters publicly traded?
Common Stock (URBN)
Who are Urban Outfitters competitors?
One of Urban Outfitters' main competitors in the specialty retail industry is Gap (GPS). Other competitors in the consumer discretionary sector include: Abercrombie & Fitch (ANF), American Eagle Outfitters (AEO), and Buckle (BKE).
What is Urban Outfitters revenue?
3.9 billion USD (2019)Urban Outfitters / Revenue
What is Urban Outfitters annual revenue?
In 2021, Urban Outfitters' global net sales from retail operations amounted to about 3.23 billion U.S. dollars.
What is Urban Outfitters slogan?
Urban Outfitters Mission Statement Our customers are the reason and the inspiration for everything we do.”
How many Urban Outfitters stores are there?
The vast majority of Urban Outfitters' retail stores are located in the United States, with 562 stores as of January 31, 2022. The clothing and accessories retailer operates a total of 685 stores around the world as of 2021.
What is Forever 21 revenue?
3.4 billion USD (2017)Forever 21 / Revenue
The retailer had a tough holiday season
As a technology and consumer goods specialist for the Fool, Steve looks for responsible businesses that positively shape our lives. Then he invests accordingly. Enjoy his work? Connect with him on Twitter & Facebook so you don't miss a thing.
What happened
Shares of Urban Outfitters ( NASDAQ:URBN) were down 5.1% as of 1:15 p.m. EST Friday after the lifestyle retailer announced underwhelming holiday-season results.
So what
Perhaps more concerning, Urban Outfitters' performance was dragged down by a 1% comparable retail sales decline at its namesake locations. Meanwhile, comps grew 8% at Free People retail stores and 5% at the Anthropologie Group.
Now what
Based on the timing of its past releases, Urban Outfitters should be slated to formally announce its fourth-quarter results in early February. Prior to this holiday-season update, most analysts were modeling earnings of $0.70 per share on a 3.6% increase in revenue to $1.17 billion.
Deeper Insight
The company delivered earnings per share of 89 cents, beating the Zacks Consensus Estimate of 84 cents.
An Insight Into Margins
In the quarter under review, gross profit jumped 17.8% from the same-quarter fiscal 2020 tally to $390.7 million. Also, the gross margin expanded 202 basis points (bps) to 34.5%.
Other Financial Details
Urban Outfitters ended the quarter with cash and cash equivalents of $236.4 million and total shareholders’ equity of $1,746.7 million.
Outlook
Management is impressed with the quarterly performance. It highlighted that November to date, comp sales for all the brands have accelerated from the reported quarter’s levels. Urban Outfitters projects the fiscal fourth quarter to continue delivering a healthy sales improvement in comparison to fiscal 2020.
When did Urban Outfitters miss earnings?
Urban Outfitters' shares have had a rough ride since the company missed earnings estimates on March 3. Obviously, the situation has changed drastically since then, and there will almost certainly be more changes over the next few weeks.
Is Urban Outfitters closing?
Like most non-essential brick-and-mortar retailers in North America, Urban Outfitters has already shuttered its stores. The company said on March 14 that it will close all of its stores, all around the world, until at least March 28. (For those keeping track, note that the company also promised to pay its store teams during the shutdown.)
